KORS has had a tough time with all the secondaries the company has issued which has kept a lid on the uptrend, thus our reluctance to issue an actionable report on this stock. Nevertheless, it has broken out and trading about 4% above its breakout point. Earnings and sales remain strong with earnings up 127% in the latest quarter and institutional sponsorship continues to grow over the last 6 quarters since the company went public. On balance, this all makes KORS actionable.
PPR - KORS 8/2/13
|Published:||2 Aug 2013 15:59 ET|
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